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Sensex Today | Stock Market Live Updates: Analysts have warned that a break below that level, could take the Nifty down to 22,100 or even lower. Variables have only worsened if not changed for the better overnight. Bond markets were shut, but crude crossed $107 a barrel overnight.
Sensex Today | Stock Market Live Updates: The Nifty bulls go into today's weekly options expiry session on a cautious note after Friday's recovery and Monday's opening bounce was sold into swiftly. Courtesy of CAS, the bulls managed to defend the 22,300 mark on the downside and that will remain the most important level going into today's session.
Analysts have warned that a break below that level, could take the Nifty down to 22,100 or even lower. Variables have only worsened if not changed for the better overnight. Bond markets were shut, but crude crossed $107 a barrel overnight, and the US Dollar has strengthened further past the 102.5 mark.
India's own bond yields, at 7.4% will have an impact on PSU Banks as well. On the upside, any move towards 22,500 could see supply emerge as Monday's high of 22,651 is now some distance away.
The question is for how long will the Nifty Bank remain the stronger of the two indices. The banking index also defended key support levels on Monday and remains in the 54,500 - 55,500 range.
The market reacts to results from HCLTech, ICICI Prudential AMC, and RBL Bank today, while Tata Elxsi, ICICI Prudential Life, Transformers & Rectifiers among others report results today. Also keep an eye on Polycab.
Watch this space for all the LIVE stock market updates.
HomeMarket NewsSensex Today | Stock Market Live Updates: Nifty may open near 22,400 as index looks to bounce back
